Wedge Holdings CO., LTD. (JASDAQ:2388) announced a private placement of 29,350 series 10 warrants at a price of ¥237 per warrant for gross proceeds of ¥6,955,950 and 40 series 3 unsecured convertible bonds at a price of ¥2,900,000 for gross proceeds of ¥116,000,000, total gross proceeds of ¥122,955,950 on July 31, 2018. The company will issue 2,935,000 warrants at an exercise price of ¥210 per warrant. The transaction will include participation from Benefit Power Inc. The company will receive ¥616,350,000 after exercise of warrants. The bonds are convertible into 613,756 common shares at a conversion price of ¥189 per share. The bonds carry a fixed interest of 2.5% per annum and would mature on August 16, 2020.